<p>I am not qualified for any financial aid becuase of my familys income so i have to take out the whole cost of my education (approx. 27000 per year for two years ) in student loans. Additionally, my parents refuse to be cosigners so it will be through my own credit.</p>
<p>Does anybody know of any companies that they would reccomend using for student loans? Are there any companies i should avoid? </p>
<p>How is sallie mae vs. wells fargo?</p>
<p>Yikes, brokenthoughts, that’s going to be very difficult unless you have a strong earning and credit history yourself. I can’t fathom what parents who obviously make sufficient income are thinking when they refuse to help a kid even get loans but, sadly, there are always some that feel this way. How old are you? </p>
<p>If you’re a freshman you’re eligible for a $5500 Stafford loan if you file FAFSA. Private lenders will surely want a cosigner - is there a grandparent or another close relative who might step in? </p>
<p>If you’re even remotely considering a teaching career, you might apply for a $4K federal Teach grant if your school participates. It requires a HS gpa of 3.2 or better and becomes an extra Stafford loan if you don’t fulfill the requirements.</p>
<p>I have heard nothing but negatives about Sallie Mae, and am not familiar with Wells Fargo. Discover is often recommended as a decent lender. But, barring a cosigner, I think you may have to rethink your college choice.</p>
<p>I am 21, i’ll be a transfer student at ucla…no possible chance at a cosigner…my parents have basically convinced my grandparents to not have anything to do with my loans or money…</p>
<p>thats not good to hear about sallie mae, i was reading online horror storries about wells fargo as well…although i was able to get preapproved for both companies though for loans sallie mae offered me 10.something% intrest while wells fargo offered me 8.75%intrest</p>
<p>maybe i’ll have to look more into discover and apply for loans through them as well</p>
<p>What is your parents’ reason for not supporting you? Or are they not suppporting UCLA?</p>
<p>Do you already have other loans? What is your major? If you have no other loans and can get private loans on your own and work while you’re in school, it may be feasible. Take the $7,500/year Stafford unsubs if you filed/can file FAFSA - two years worth will result in a payment of around $175/month for 10 years. If you borrow an additional $40K in private loans at 8.5%, that payment will be about $400/month for 15 years. It will likely be difficult for a few years after graduation, but isn’t completely out of the question if you can land a decent paying job and live frugally. Only you can decide if that will be possible, though.</p>
<p>Suggest you play with the loan calculators here:
[FinAid</a> | Calculators](<a href=“Your Guide for College Financial Aid - Finaid”>http://www.finaid.org/calculators/)</p>
<p>Also, investigate any other lenders like Discover, who may offer you discounts or better rates. I believe Discover will also release cosigners, if your parents/relatives would respond to a well thought out plan of repayment.</p>
<p>scottaa, my dad for some reason feels like i need to pay for school myself. his parents made him pay for school on his own and he had to work full time and get his work to pay for it, so he does not feel bad making me pay…he like me going to ucla. he first tried to bribe me to go to csun but that school was out of question for me. after csun was a definte no, i was deciding between ucla and ucsc. he then promised he would help assist me, even if it was only a little bit if i chose ucla. now that i am going to be at ucla, he refuses to help…</p>
<p>sk8rmom, as of right now, i do not have any loans yet. i am a psychology major and i currently work at starbucks, i am working hard to try to transfer my work to a starbucks near ucla…but i worry that if i work a lot to help pay for expenses, i dont want my grades to be sacrificed…</p>
<p>i did find that wellsfargo also relseases cosigners affer a certain perriod of repayment. they also have a special program where they lower the intrest rate by 3/4 if you show proff of graduation…</p>
<p>thank you for all of your help!</p>